Low Income Apartments and Affordable Housing For Rent in Corvallis, OR

Discover affordable housing in Corvallis where there are 14+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Alexander Court

100 SW Alexander Ave, Corvallis, Oregon 97333

Seavey Meadows lll

2295 NE Conser St., Corvallis, Oregon 97330

Walnut Court Apartments

842 NE 2nd St, Corvallis, Oregon 97330

Glenwood Manor Apartments

1687 NW Division St, Corvallis, Oregon 97330

Larson Commons

2566 SW Coho St, Corvallis, Oregon 97333

Lancaster Bridge

3384 NE Oxford Cir, Corvallis, Oregon 97330

Julian Hotel

150 SW Monroe Ave., Corvallis, Oregon 97333

South Corvallis Townhouses II

2550 SW Pickford St, Corvallis, Oregon 97333

South Corvallis Townhouses I

2550 SW Pickford St, Corvallis, Oregon 97333

Samaritan Village

285 NW 35th St, Corvallis, Oregon 97330

Camas Commons

5140 SW Meadow Flower Dr, Corvallis, Oregon 97333

Oak Crest Family Housing

3422 NE Lancaster St, Corvallis, Oregon 97330

Janus House

606 SW 5th St, Corvallis, Oregon 97333

Cnhs Sycamore Housing Rehab

976 NW Sycamore Ave, Corvallis, Oregon 97330

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Corvallis, Oregon
$29.73/hour
$16.53 (+125%) more than Oregon minimum wage and $22.48 (+310%) more than the Federal minimum wage.
Learn More About Corvallis, Oregon Affordable Housing ↓

How many renters live in Corvallis, Oregon?

The City of Corvallis has 60,050 people living in 24,125 households.

There are 30,710 renters living in 14,222 renter households in this City. Renters make up 51.14 percent of the population living in Corvallis.

What is the rental market like in Corvallis, Oregon?

There are an estimated 25,620 housing units in the Corvallis area. Of these, 15,194 units are rental homes, making up 59 percent of the housing market. For every renter household in Corvallis, Oregon, there are 1 rental units.

What is the vacancy rate for rentals in Corvallis?

The rental vacancy rate in Corvallis is 5 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Corvallis for each bedroom size?

Occupied Rental Units by Size in Corvallis
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
1,262 2,782 5,714 2,965 1,019
Occupied Rental Units by Size in Corvallis

A large number of apartments in Corvallis have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Corvallis are overburdened by housing costs?

Among renter households in this market, 57 percent have housing cost burden. Further, 37 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Corvallis

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,192 to $2,495. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,192
One BR $1,236
Two BR $1,570
Three BR $2,212
Four BR $2,495
2024 Fair Market Rents in Corvallis, Oregon

How many units are rented at Fair Market Rent (FMR) in Corvallis?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 780 62 percent
One BR 1,863 67 percent
Two BR 3,829 67 percent
Rental Units Below FMR in Corvallis, Oregon

How many affordable rental units are in Corvallis?

There are a variety of federal affordable housing programs serving households in Corvallis, Oregon including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 187
Section 8 Project-Based Rental Assistance 216
Mod Rehab Project-Based Rental Assistance 35
Tracked Units by Federal Program in Corvallis, Oregon

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Corvallis, Oregon

Corvallis features 225 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Corvallis, Oregon

There are 278 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Corvallis.

Housing Choice Vouchers in Corvallis, Oregon

On average, Section 8 Housing Choice vouchers pay Corvallis landlords $500 per month towards rent. The average voucher holder contributes $400 towards rent in Corvallis.

The maximum amount a voucher would pay on behalf of a low-income tenant in Corvallis, Oregon for a two-bedroom apartment is between $1,413 and $1,727.

Sourced from federal housing data and AffordableHousingOnline.com research.